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Showing 631 - 640 of 833 results for "Corporations Act"

UBS wealth mgmt to review compliance

ELISE BURGESS  |  FRIDAY, 18 MAR 2011
... to the market that ASIC expects advisers to have proper systems in place to comply with the provisions of the Corporations Act relating to Statements of Advice," said D'Aloisio. UBS WMA will now contact relevant clients to establish if any claims are ...

ASIC bans former Storm adviser

ELISE BURGESS  |  FRIDAY, 25 FEB 2011
... Advice. Finally, ASIC found that Drummond provided false and misleading statements in breach of s1041E of the Corporations Act 2001 and misleading and deceptive conduct under s1041H of the Corporations Act 2001. Drummond has the right to apply to the ...

Poor advice fine to reach $200k

ELISE BURGESS  |  MONDAY, 21 FEB 2011
... adviser that is found guilty of breaching their fiduciary duty could be charged a maximum $500 fine under the Corporations Act, which deems an adviser's defence as acting under the licensee's instructions and advice. Next month, however, the Government ...

ASIC catches Camelot Derivatives

ASIC RELEASE  |  TUESDAY, 8 FEB 2011
... an accessory to Camelot's contraventions. ASIC alleges that the above offences contravened provisions of the Corporations Act 2001 and the Australian Securities and Investments Commission Act 2001. The matter is scheduled to return to the Federal Court ...

ASIC clears up online disclosure rules

ELISE BURGESS  |  WEDNESDAY, 15 DEC 2010
... Facilitating online financial services disclosures (RG221), ASIC discusses online disclosure provisions under the Corporations Act and what documentation financial planners and other providers can legally send electronically. This means that financial ...

ASIC takes legal action against Storm founders and banks

ASIC RELEASE  |  FRIDAY, 26 NOV 2010
... will take legal action against the two Storm financial directors for allegedly contravening section 180 of the Corporations Act. The Cassimatises breached their duty as directors by permitting Storm to be exposed to legal liability, said ASIC. The liability ...

Investors lose $7m in Qld scam

ASIC RELEASE  |  THURSDAY, 18 NOV 2010
... with one count of providing financial advice without an Australian Financial Services licence under s911A of the Corporations Act. This charge followed an ASIC investigation, which found she encouraged approximately 80 people to invest their money with ...

Commonwealth Fin Plng compensates investors

ASIC RELEASE  |  WEDNESDAY, 3 NOV 2010
... ASIC, a former CFP representative employed until July last year potentially breached various sections of the Corporations Act 2001 by providing inappropriate financial advice to a large number of clients. CFP has agreed to identify those affected and ...

Infocus planner banned by ASIC

ASIC RELEASE  |  WEDNESDAY, 27 OCT 2010
... Radovan engaged in misleading and deceptive conduct and failed to provide clients with documents required under the Corporations Act, such as statements of advice and product disclosure statements. Among other indiscretions, ASIC found that Radovan overexposed ...

Former liquidator face 19 ASIC charges

ELISE BURGESS  |  TUESDAY, 24 AUG 2010
... HR Cook Investments that were documented with ASIC. He is charged with six counts under section 1308(2) of the Corporations Act 2001. The Corporations Act 2001 charges each carry a maximum fine of $22,000 or imprisonment for five years or a combination ...